Clarification Statement Issued from CBS Evening News Regarding Liquidity Services, Inc.'s Involvement in the Sale of Pentagon Goods.WASHINGTON -- Liquidity Services, Inc. (LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. ), a leading online auction marketplace for wholesale, surplus and salvage assets, announced today that CBS Evening News CBS Evening News is the flagship nightly television news program of the American television network CBS. The network has broadcast this program since 1948, and has used the CBS Evening News title since 1963. has issued a clarification statement regarding CBS's July 28 report, "'Sensitive' Pentagon Goods for Sale." The statement, found at http://www.cbsnews.com/sections/eveningnews/main3420.shtml, clarifies portions of the report as follows: "...But our report may also have created the impression that Liquidity Services Inc. (LSI), a company used by the Defense Department for some equipment resales, was responsible for failing to detect that the GAO investigators' identifications were fake. We should have made clear that the warehouses tested by the GAO were not operated by LSI, that LSI had no involvement with the sale of the missile launcher missile launcher n → lanzamisiles m inv missile launcher n → lance-missiles m missile launcher missile n mount or the digital signal converters referenced in the news report (equipment obtained from Defense Department personnel by GAO investigators posing as Defense Department contractors), and that, in any event, responsibility for screening property released for resale rests with the Defense Department." "We appreciate the cooperation and efforts made by CBS Evening News to clarify the report," said Bill Angrick, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LSI. The statement can also be found at http://www.cbsnews.com/stories/2006/07/21/cbsnews_investigates/ main1826724.shtml (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) and at CBS News CBS News is the news division of American television and radio network CBS. Its current president is Sean McManus who is also head of CBS Sports. Current productions Current television shows
About Liquidity Services, Inc. (LQDT) Liquidity Services, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LQDT) and its subsidiaries enable corporations and government agencies to market and sell surplus assets and wholesale goods quickly and conveniently using online auction marketplaces and value-added services. The company is based in Washington, D.C. and has 350 employees. Additional information can be found at: www.liquidityservicesinc.com. |
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